New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-23
MONDAY An1. PIP. NJ

MONDAY, Aus. 22-P. M.
To-day only two railroads have reported their gross
earnings for the second week in August but those
panies give gain the second week In August 1885,
OF S26057 81 $40 per cent without any increase in
mileage. The Chicago and Northwestern, however,
comes in with its report for the month Of July showing
gain Of S102 99l, or $40 per cent July, 1885,
and gain OF S2l2. ESQ., 10 per cent, on july
1885 Any gain 1886 for the Chicago and North
western Railroad gain earnings for the last year.
ended June 80 which left IL per cent for both
classes of stocks.
According TO the Chicago romantic dispatches which
have flooded the Street there has existed intermt
tent fierce railway with poor business ever since
January l. Whenever two OF the large Chi
eago operators, who heard of till within
short OF 100 200 shares OF stocks Chi
dispatches for eight months have foretod fearful
caamities. Nevertheless the earnings OF Western
railroads and OF the trunk lines which
"are doing no business" have steadily shown
large gains on the earnings OF 1886 The " continuous
warfare between the railroads and the resulting earn
ngs remind of President Lncolns reputed offer OF
barrel Of whiskey of his other generals he could
learn whore General Grant got his Those stockholders
in the few railroads which showing better earn
ngs might say to the Chicago specials railway wars;
" II you will tell me the brand OF this warfare OF your
railroads will send barrel my president" Serious
y CHICAGO collectively and in marked instances
individually is making it and themselves laughing stocks
Of the world
Nevertheless the stories told day and dispersed
the do have temporary effect the market value
OF stocks but do tho Chicago operators and their New
York gain anything by the circulation Of the
false repOrtsi Money recognized factor in specu
laton of all kinds and regarding that there has been
successfully inculcated singular msconcepuon of the
true situation and is sedulousy used for effect tho
stock market year ago last week the associated
banks deposits declined $4,000 900 and attracted
attention; this decline Of S5000000 Is greeted
bird of i'll omen. The bank loans securities
have not been small in years they
now The country deposits, subject the
usual autumnal call, unusually low. The So 100000
OF new money created and imported during the last year
scattered all the Southern and Western country
1t Is not in the Treasury in Eastern banks The
cities hold large part Of the fund which
heretofore has lain idle in Eastern banks during the
summer months and 1t IL where the deposits that
the ordinary seasonable drafts must be drawn upon
whit OF the crop OF cotton large gold
imports in sight, and 1t is developed that the
Treasury can buy more than a sufficient amount Of
bonds. not only to prevent accumulation OF money
but materially reduce ts surplus the registered i2s
sold to-day at 107ls, whichis 1854 the offers
made the Treasury against lo944 paid last week for
81, 100000.
At Ioday's stock market a desperate drive made
the very opening In fifteen minutes after the open
ing quotations q s. cent OF Then succeeding
duluess the OF stocks the decline
apparent that It remarked by "bears." A slight
rally followed by another attack which wasfoowed
again 10y duness and stocks for sale. These the
movements of the whole day till I'm the last half hour
the following traders wanted 10 realize the decline,
aud responsive that small demand the rally sharp
enough to wipe than half the days declines.
been the for six weeks the Is limited;
it easily depressed by free offerings. but the of
short stocks thus far bring ont other stocks
cept from board traders Todays attack values
confined TO two three so, ks but II extended
TO the whole list and the closing recovery general
Government bonds dun and easy. The per
cents sold 25a and registered IS At lO7is BIDS for
the per cents Is lower Annexed tie closing
quotations: